A few points I took away from the meeting........... The 2 main...

A few points I took away from the meeting...........

The 2 main players David and Francis are obviously in Portugal so the other guys answered questions as best as they could. Remembering they are limited by the disclosure rules.

Management have relocated to Portugal to push along the mining applications more than anything, the drilling is going along great. They appeared restricted in talking about the IAM listing other than its being considered although they indicated there is a reasonable cost associated with it. They have started recruiting Portuguese staff to the team to help penetrate the local scene and make contacts in particular the govt.

The resource upgrade is on track for Q3 2017 but in general they are hoping to prove up a resource with a reasonable jump in size. Nothing silly though if you know what I mean.....20-30MT would see me happy but that is strictly my view nothing inferred at the meeting.

Dudley was your typical fluffy salesman type I hope he brings more value when it comes to off-take agreements. The next round of met results will give a better foundation to leverage off for negotiating and genarally customers need to know more specific chemical compositions to know what NLI is selling. One thing he did say is the pricing for glass-ceramics is being dragged along upwards with the battery grade lithium. There are currently 2 major suppliers providing 90% of that market so a new alternative should be most welcome by buyers.

They feel the opportunity to supply the technical grade is de-risking by providing to both the technical and battery market, personally I don't agree on that one when the markets are vertically priced. As an interim stage yes I do agree.

All this may not be what they implied its what I understood so take it with a pinch of salt.

GLTAH